2038 NW 3rd Ter, Cape Coral, FL 33993
3 beds · 2 baths · sqft sqft
MOTIVATED SELLER: PRICE REDUCED Charming Solar-Powered Home in NW Cape Coral – Energy Efficient, Private, and Located in an "X" No Flood Zone! Looking for a home that combines sustainability, style, and plenty of space for future possibilities? This solar-powered gem in NW Cape Coral could be the perfect fit! With total electric bills no more than $160 a month approximately, this home not only saves you money but offers endless comfort and charm. LCEC also provides credits to further reduce costs. Sitting on a generous .344-acre lot in a NO flood zone, this property gives you privacy and plenty of room for parking, ideal for family gatherings or weekend guests. From the moment you arrive, you’ll notice the extra attention to detail, like the retaining wall and privacy hedges that create a sense of seclusion. As you enter through the double doors, you’re welcomed into a bright, open living space. The 3-panel pocketing slider doors open completely to the screened lanai, letting in plenty of fresh air and blending the indoors with the outdoors—perfect for relaxing or entertaining. The kitchen is a true delight, with handcrafted wood cabinetry, a sleek stainless sink, new appliances, and a vibrant backsplash that makes the space feel unique. There’s also a pantry for all your storage needs, so you can keep your kitchen organized and clutter-free. The primary bedroom feels like a retreat with its own private access to the lanai. The ensuite bathroom has been beautifully updated with a stylish bowl sink, a luxurious soaking tub, a walk-in shower, and a custom handcrafted vanity—your own personal spa at home! The split bedroom layout ensures privacy, with a spacious 2nd bedroom and a 3rd bedroom featuring built-in shelving—perfect for guests or a home office. The updated guest bathroom also opens to the lanai, making outdoor entertaining convenient and easy. The laundry room is fully equipped with a sink, front-load washer and dryer, and more of that lovely custom woodwork that ties the home together. The garage is insulated and includes a split-system cooling unit, making it a perfect space for storage, a workshop, or even a home gym. And with a portable generator, you’ll be ready for any situation. Outside, the screened lanai invites you to relax in your private, tropical oasis, and with plenty of room for a future pool design, the backyard is your blank canvas. A new roof (2022) and new electrical system (2022) make this home truly move-in ready! This home is full of character, energy efficiency, and room to grow—everything you need to live comfortably and sustainably. Schedule your showing today to see how this incredible property can be the perfect fit for you!
Source: FORTMYERS #224078745
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224078745
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #224078745
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.